Economic and Social Issues Questions for NABARD Grade A Prelims 2020

NABARD Grade A Prelims 2020: NABARD Grade A prelims 2020 will be held on 25th February 2020. The Economic & Social Issues section will play a crucial role as out of 200, 40 questions will be asked from this section.

The economic & social issues will consist of topics related to Indian economy & issues related to society with special focus on rural India. Good Study source along with practice will help you to score more marks in this section. Economic & Social issues and Agriculture & Rural Development will be a game-changer as all the other sections are asked in almost all Banking & Insurance exams. Candidates who want to crack NABARD Grade A prelims 2020 should not ignore this section.

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NABARD Grade A 2020 Online Test Series

To help you ace Economic & social issues section of NABARD Grade A prelims 2020, ADDA247 has made one-liner questions of NABARD Grade A Economic & Social issues. The one-liner questions are given below. More questions will be updated in due course.

Q1: Name all the methods which are used to measure national income of the economy?
ANSWER: There are 3 methods used to measure national income of the economy –

Value Added or Product Method
Expenditure Method
Income Method

Q2: According to the Income method, the formula to calculate national income with respect to Wages (W), rent (R), interest (I) and profit (P) is –
ANSWER: National Income = W + R + I + P.

Q3: Name the type of income which is calculated by dividing the national income with population.
ANSWER: Percapita Income.

Q4: Consider the following statement –
“The higher economic development brings higher economic growth but higher economic growth does not guarantee higher economic development.”
State whether it is TRUE or FALSE?
ANSWER: TRUE (Economic Development = Economic Growth + Standard of living).

Q5: Which type of monetary policy is used to fight the inflation in economy.
ANSWER: Contractionary Monetary Policy.

Q6: The process of buying and selling of government securities, bond or Treasury Bills (T-Bills) to regulate the money supply in economy.
ANSWER: Open Market Operations (OMO).

Q7: Under the Liquidity Adjustment Facility, bids need to be for a minimum amount of —
ANSWER: Rs. 5 crore.

Q8: Name the provision which is used by the banks to borrow overnight funds from RBI against the approved government securities.
ANSWER: Marginal Standing Facility.

Q9: With respect to Right to Education Act 2009, what is the Pupil Teacher Ratio (PTR) for both primary and upper primary schools.
ANSWER: Primary level – 30:1
Upper Primary Level – 35:1

Q10: The MNREGA act provides guaranteed wage employment for how many days in a financial year?
ANSWER: 100 days.

More Questions of Economic & Social Issues:
Economic & Social Issues Questions for NABARD Grade A Prelims – Set I
Economic & Social Issues Questions for NABARD Grade A Prelims – Set II

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